[EUR] Short bias

EUR/USD four-hour chart, source:KR futures

The moving average lines have operated as a support line since the year in the four-hour chart and mid February in the one-hour chart. And they are tested by the price of currency pair EUR/USD. It's natural that the support line is always tested and asked to do well and the line changes to the line of resistance.

While the price plunges, the 120 moving average line has been the support line in the month. And it is examed whether a believable support line or not. In one-hour chart and four-hour chart, it seems the moving averge line keeps the support line in short term. But the bias to the market is short, I think.

As mentioned in this report before, the economy circumstance is friendly to U.S. dollar. We need to watch the market with a short bias, long USD and short EUR.

I acknowledge this analysis may not be correct and we should respond the unexpected situation. The traders should set the Stop Loss and keep their rule.

If the previous peak 1.2550s isn't broken through, the short bias to this pair may be available.

https://www.facebook.com/Gjallarhorn.report/
https://www.facebook.com/heimdallr999/